Capitol Family Office Inc. Invests $458,000 in Amazon.com, Inc. (NASDAQ:AMZN)

Capitol Family Office Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,405 shares of the e-commerce giant’s stock, valued at approximately $458,000. Amazon.com makes up 0.6% of Capitol Family Office Inc.’s investment portfolio, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the fourth quarter valued at about $25,000. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc grew its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.4%

AMZN stock opened at $229.19 on Tuesday. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business has a fifty day moving average price of $213.50 and a 200-day moving average price of $208.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 37.33, a P/E/G ratio of 1.69 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Tigress Financial boosted their target price on Amazon.com from $290.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Bank of America upped their price target on Amazon.com from $230.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, June 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $235.00 price target on shares of Amazon.com in a research note on Thursday, July 10th. Stifel Nicolaus lowered their price objective on Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.02.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,335,232 shares of company stock valued at $3,210,622,570. 10.80% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.